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20121101
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leaps in home prices are arizona, idaho, nevada, hawaii and utah. one caveat: prices nationwide did decline .3% from august to september. according to corelogic, it's because of an end-of-summer slowdown in housing sales and not signs of a slowdown in the recovery. job openings fell to a five- month low in september due to uncertainty in the u.s. jobs market. the number of open jobs dropped 100,000 to 3.5 million, according to the u.s. department of labor. the economy is growing, but job growth is slow. although october payroll figures were the highest in eight months, companies want to see if the growth continues before hiring more workers. eastman kodak won court approval to cut benefits for 56,000 retirees as part of its chapter 11 restructuring. it will mean $10 million in savings. retirees and medicare recipients fear the loss of benefits, but kodak says the move is legal. by the end of the year, worldwide layoffs at the company will reach 4,000 workers. a weight-loss drug is losing support. pharma company vivus says its weight-loss drug qsymia does not have enough support from
are really flourishing there. out in the west, california, nevada, phoenix, 3 really hard- hit areas, have really started to come back in full swing. market time there is under 30 days in a lot of areas. > > that is really high. they actually have bidding wars going on. > > yeah. a lot of people are really selling things really quickly out there. i like to say if it's priced right and it shows well, pretty much anywhere in the country that it's kind of hotter, it's selling really quickly. > > what do you look at though as anything worrisome? do you feel that we have now turned the corner, or might we still fall back into a housing recession? > > i think some areas we have to worry about are like the rust-belt areas or areas directly correlated with maybe employment. some areas with a little bit of higher unemployment still have a little bit of ways to go. the fact is, if you're not working, you're not going to be able to buy a house. > > so, you're glad you're in real estate right now. for a few years, a lot of people got out of the business because it was so glum. you really are sanguine.
and vermont. nevada has the highest unemployment rate at 11.5%. and thanks to the oil boom, north dakota still has the lowest rate, even though the rate edged up from 3.0% to 3.1%. a particularly rough quarter for hewlett-packard. an accounting scandal is rocking the company and the stock. the tech giant is taking a $9 billion write- down due to bad accouting by autonomy software the british company hp aqcuired last year. autonomy's founder denies the charges. hpq stock fell 12% yesterday. h-p ceo meg whitman said an internal investigation revealed "serious accounting improprieties" and "outright misrepresentations" by autonomy. this makes 5 straight quarters of large declines for the tech company. what's being called the most lucrative case of insider trading ever has been uncovered by federal authorities. the sec is bringing charges against mathew martoma for making more than $276 million. the case dates back to july 2008, when martoma allegedly learned about the results of a clinical trial of an alzheimer's drug a week before the data were released to the public. martoma made a massive pro
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